The Association of Banks in Singapore is
an industry association that represents the interests of the
commercial and investment banking community in Singapore and
provides practical steps for financial institutions (FIs)
wanting to leverage cloud computing technology.
The ABS Cloud Computing Implementation Guide 2.0 (ABS
Guide) is closely aligned to the
MAS’s Guidelines on Outsourcing and
contains best–practice recommendations and considerations to
support FIs’ safe adoption of cloud, including guidelines on
due diligence reviews, vendor management, and key controls
to implement when using cloud service providers (CSPs).
While the requirements of the ABS Guide are not binding,
FIs should follow its recommendations to ensure that they
and their CSPs satisfy industry expectations, namely, having
the appropriate baseline standard of controls and processes.
In order to support your compliance, we provide
an ABS Guide mapping and Cloud best practices for Singapore financial institutions whitepaper detailing
how Google Cloud helps FIs meet the ABS Guide requirements.